Collection: ACH, Payments & Electronic Banking

In today's rapidly evolving financial landscape, electronic banking has become a cornerstone of modern banking operations. With individuals and businesses increasingly seeking convenient, secure ways to manage their finances, financial institutions must remain competitive. By becoming a Certified Electronic Banking...

Grasp the Fundamentals of ACH: Learn the Essential Terminology and Concepts To keep up with the rapid growth of ACH volume, you need to understand its history, terminology, and core concepts. These building blocks will enable you to utilize the...

How Do ACH General Returns and Extended Returns Differ? Learn How to Work With Third-Party Service Providers Safely. Financial institutions face increased regulatory compliance risk as ACH transactions grow. Appropriate handling of general returns vs. extended returns is particularly confusing...

What Are Your Three Options For ACH Exceptions? Learn The Requirements And Procedures. As ACH transactions increase due to the pandemic, exceptions are becoming more common. All operations staff members in financial institutions must understand how to handle ACH exceptions...

When Should You Use a WSUD? Choose the Right ACH Stop Payment Option for Each Situation. One of the most common audit findings is errors made with stop payments and Written Statements of Unauthorized Debit (WSUD). You need to understand...

Unauthorized Debits and Stop Payments - Learn the current rules and processing requirements Recent ACH rule changes attempt to stop fraud by updating requirements for statements of unauthorized debits. Consumer receivers in ACH may have debit items returned to the...

Customers Demand ACH Sending Capabilities. Master Origination Requirements And Procedures. As ACH use increases, customers expect financial institutions to send payments quickly and adeptly while minimizing risk and ensuring accuracy. Originating ACH transfers requires that you follow detailed procedures. You must understand...

Learn the Rules and Codes for ACH Returns. Prepare to Handle the Intricacies of Various Situations. Receiving Depository Financial Institutions return ACH entries for many reasons. You must understand the specifics of each situation, including administrative returns, unauthorized returns, and...

The Ultimate Guide to ACH Receiving: Learn Your Institution’s Obligations as an RDFI Every Receiving Depository Financial Institution (RDFI) has obligations, rights, and responsibilities when processing transactions through the ACH Network. If you are new to ACH operations, serve as...

The Ultimate Guide to ACH Origination: Learn Your Institution’s Obligations as an ODFI Every Originating Depository Financial Institution (ODFI) has obligations, rights, and responsibilities when processing transactions through the ACH Network. If you are new to ACH origination, serve as...

Growing ACH Volume Has Led to More Anomalies: Learn How to Handle Uncommon Situations. The pandemic has caused ACH volume to soar. Among the millions of transactions processed daily, an increasing number contain uncommon issues. All financial institution operations employees...

Are Third-Party Senders Complying With ACH Audit Requirements? Discover Your Obligations as an ODFI. You must ensure that your Third-Party Sender(s) (TPS) perform annual ACH audits. As an ODFI, you carry all the warranties, including your third-party senders' compliance with...